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Reverse Mortgage
Loan Programs

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Reverse Mortgage Loan Programs

A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash. Instead of making monthly payments to a lender, as with a traditional mortgage, the lender makes payments to the borrower. The borrower is not required to pay back the loan until the home is sold or otherwise vacated.  As long as the borrower lives in the home he or she is not required to make any monthly payments towards the loan balance.

 

If you think you are eligible, speak with one of our loan officers today about the Reverse Mortgage loan program!

Find a Location Near You to Start Your Loan Process

Benefits Include

  • 3.5% Down
     
  • Max Loan Amount $355,350*
     
  • 580 Minimum FICO
     
  • Aggressive Debt-to-Income
     
  • No required reserves
     
  • Appraisal requirements to protect you as the buyer
     
  • 30 year fixed interest rates
     
  • In-house processing, underwriting, docs and funding
     

*Per FHA County limits for Riverside and San Bernardino County. Based on a single family primary residence.

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NMLS: #237653 © 2022 Franklin Loan Center is a Franklin Loan Corporation Company Equal Housing Lender Licensed by the Department of Financial Protection & Innovation under the California Residential Mortgage Lending Act, 4131316   

NMLS Consumer Access

  (760) 779-8100   |    info@franklinlc.com

Franklin Loan Center Corporate 44-800 Village Court, Palm Desert, CA 92260
(888) 562-6033

 

Company Hours:

Monday: 8:00am - 5:00pm

Tuesday: 8:00am - 5:00pm

Wednesday: 8:00am - 5:00pm

Thursday: 8:00am - 5:00pm

Friday: 8:00am - 5:00pm

Saturday: By appointment only
(Contact your loan officer for more details)

Sunday: Closed     

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NMLS: #237653 © 2022 Franklin Loan Center is a Franklin Loan Corporation Company Equal Housing Lender Licensed by the Department of Financial Protection & Innovation under the California Residential Mortgage Lending Act, 4131316   

NMLS Consumer Access